License taxes; if locality imposes tax upon business, tax shall be based upon Va. taxable income. (SB836)

Introduced By

Sen. Amanda Chase (R-Midlothian) with support from co-patron Sen. Glen Sturtevant (R-Midlothian)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

License taxes; Virginia taxable income. Provides that if a locality imposes a license tax upon a business, the tax shall be based upon the Virginia taxable income of the business. Current law allows a locality to impose the tax upon gross receipts or Virginia taxable income. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
11/15/2016Prefiled and ordered printed; offered 01/11/17 17101006D
11/15/2016Referred to Committee on Finance
01/14/2017Impact statement from TAX (SB836)
01/20/2017Impact statement from DHCD (SB836)
01/24/2017Passed by indefinitely in Finance (15-Y 1-N) (see vote tally)
01/30/2017Impact statement from DHCD/CLG (SB836)